Core Viewpoint - Baogai New Materials has submitted a listing application to the Hong Kong Stock Exchange, with Zhongtai International as its sole sponsor [1] Company Overview - Established in 2009, Baogai New Materials is a market and technology leader in China's composite material manhole cover industry, primarily producing GFRP manhole cover products and offering cable trench covers, drainage trench covers, and manhole covers [1] - The company operates three production plants located in Shandong and Shaanxi provinces, covering a total area of approximately 42,769 square meters, with a building area of about 23,400 square meters, equipped with the necessary production facilities [1] Market Position - According to Frost & Sullivan data, Baogai New Materials ranks first in the Chinese cable trench cover industry by revenue, with a market share of approximately 2.36% for 2024 [1] - The company also holds the top position in the GFRP cable trench cover sector, with a market share of about 8.94% [1] - In the overall manhole cover industry in China, Baogai New Materials ranks third, with a market share of 1.35% [1]
宝盖新材递表港交所 中泰国际为保荐人
Zheng Quan Shi Bao Wang·2025-09-25 00:54